Price forming lower.
>> May pullback.
>> Let see whether it able to form a new HL.
>> Qr soon, how about the previous qr result? Similar case happen?
Disclaimer: Mentioned stocks are solely based on own opinions for education and/or discussion purpose only. There's no buy and/or sell recommendation. Trading involve financial risk on your own. The author shall...
SKPRES 4H
The stock jumped and tested the RM1.77 resistance level with a white bullishcandle yesterday.A short-term uptrend is now underway given the higher highsand higher lows formation from its 52-week low of RM1.17.Traders may go long now or accumulate on a pullback, while setting a stoploss at RM1.57 (a tick below the 200-day EMA). On the upside, prices...
SKP RESOURCE BHD:-
This Counter having a continue Uptrend from From last 3 days and is expected to do the same ahead.
the started the uptrend right from 1.565 and is now at 1.700 and is expected to move up to 1.750 and if i t break the 1.760 mark then a price of 1.850 can be expected.
Support:- 1.535,1.485
Relative Strength Index (RSI):- 76.35
This is my prediction for SKPRESS . 100% wrong but if it goes right then its only coincidence. Possible places to monitor is @Fib 0.786- soon then it will rebound from there to make Impulsive wave 12345 to Wave Cycle 5
Consider to study and monitor SKPRES's current daily chart which resembles that of a bearish bat pattern where a potential swing trade can be taken from Point C to Point D. Probable EP is at fibo886 retest (1.370/5) and the probable TPs are at Point B (1.825) and Point D (2.225). The probable CL is below Point A and in this respect, below the 52-week low (1.280).
Price curretnly been trading in phase A .
im expecting price might rebound toward 1.835 level as Automatic Reaction after selling climax.
im wacthing for trading opportunity.
Technical analysis for SKPRES Stock based on Trend Analysis, Chart Pattern and VPA
1) In Monthly TF
- Overall trend still maintaining the long term UTL. Retracement occur from Feb-May 21 candle and rebound at Fibo 0.382 are considered neutral retracement in healthy trend.
- Current price candle trend had another retracement from Sept 21 candle and Oct 21 candle...
SKPRES developing VCP with below contraction:
C1: -36%
C2: -12%
C3: -7%
C4: -7%
C5: <5%
Awaiting breakout with volume.
Disclaimer:
Not a buy call recommendation, technical analysis sharing based on chart pattern. Trade at your own risk.
price currently making a higher low after broke HnS pattern. im expecting a rebound from this current support level.
im watching for trading opportunity.
Base on this trend it is bullish..TAYOR
The Company is engaged in providing management services to its subsidiaries. The Company is involved in the sub-assembly of electronic and electrical equipment, and other secondary processes. The Company offers a range of products, such as computer accessories, video accessories, audio accessories and miscellaneous...
Could be price going up.
Just a prediction, traders may look for additional confirmation.
Disclaimer
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#TAYOR
Already breakout neck of inverted triangle with high volume
Price discount everything,possibly next quarter report on 31aug will support this breakout pattern
Weekly MACD already crosses up,shows some strength movement
